Business Optimism Crashes (EP.307)

Animal Spirits Podcast

The Compound

Investing, Business, News, Business News

4.7 • 2.1K Ratings

🗓️ 10 May 2023

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today's show we discuss regional bank failures, confidence in the Fed, international diversification, the V-shaped recovery in the labor market, vibes vs. data in the economy, the best company in the world, middle age and much more. Thanks to YCharts for sponsoring this episode! YCharts will be discussing the Scenarios Tool with a big emphasis on how it helps streamline the financial planning process for advisors with RWM COO Nick Maggiulli on May 24th at 12:30pm ET. Register at: https://ycharts.zoom.us/webinar/register/6316832319210/WN_hZWZbN3fSGm_ax8f92h9RA#/registrationFind complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's animal spirits is brought to you by our friends at Y-charts.
0:03.7	Big news coming up.
0:05.4	R-W-M-C-O-O, Nick Majouli of dollars and data fame, also has his new book,
0:10.4	a new-ish book, just keep buying.
0:12.3	That's on a new book.
0:14.0	Sorry.
0:15.1	I said, new-ish.
0:16.4	New-ish.
0:17.6	This year, maybe last year.
0:20.0	Y-charts will be discussing their scenario tool with a big emphasis on how it helps
0:23.2	streamline financial planning process, with Nick on May 24th at 1230 Eastern.
0:28.4	I just pulled up the scenario analysis tool this morning just to try it out again.
0:32.4	It's been a while since I used it.
0:34.3	$5,000 initial investment I put in the S&P 500.
0:37.1	So SPY, 1998, $500 a month after that.
0:41.7	Okay.
0:42.5	What do you end up with, April 2023?
0:45.4	$5,000 in 1998, $500 a month from there on until April 2023.
0:50.5	What do you end up with?
0:51.9	Total investments is like $157,000.
0:54.1	I got $680,000, $5,000.
0:57.2	You're pretty close.
	...

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